Janus pays new chief $5m ‘hello'

By

Jeremy Adams

May 3, 2004 5:00 p.m. GMT

Janus, the troubled US fund management group, which last week settled with regulators over its part in the mutual fund scandal, has handed a $5m (€4.2m) golden hello to Gary Black, its newly appointed chief investment officer.

Black, who joined Janus the day before its $225m settlement, has received 303,618 company shares, worth $4.7m on April 26. The shares vest over three years.